Alto Drills 11 Sonic Holes at Destiny
NEWS RELEASE
ALTO DRILLS 11 SONIC HOLES AT DESTINY
Vancouver, B.C., July 2 4, 2019. Alto Ventures Ltd. ( ATV: TSX -V) is pleased to announce
completion of the 11 sonic drill hole orientation program on its Destiny project in Quebec. The
program is in part a follow -up to the compilation work done by Alto this past winter (see Alto news
release dated February 27, 2019) and tests a number of analytical methods to determine if gold
mineralization can be discovered using glacial dispersion overburden sampling techniques. The sonic
holes were drilled down -ice from the currently known mineralized zones a s well as down -ice from
several of the new targets identified during the extensive compilation of data e arlier this year (see
Figure 1).
In addition to the overburden sampling, each of the holes was drilled into bedrock to determine the
bedrock geology.
Because this orientation program is mainly sampling glacial tills , a number of analytical methods are
being tested to determine which is most suitable as a potential screening tool for gold mineralization.
Therefore, results from the holes are not anticipated until the third quarter of this year.
Destiny Gold Project, Quebec
The Destiny project hosts the DAC Gold Deposit *, one of several mineral ized zones along a six k m
segment of the Despinassy shear which splays from the regionally extensive Chicobi Fault in the
Abitibi subprovince. The DAC Deposit has Indicated Mineral Resources of 10.8 million tonnes at an
average grade of 1.05 g/t gold and Inferred Mineral Resources of approximately 8.3 million tonnes at
an average grade of 0.92 g/t gold using a 0.5 g/t gold cut-off grade. The estimated contained ounces in
the Indicated category are 364,000 plus 247,000 ounces in the Inferred classification . At a cut -off
grade of 1.0 g/t gold from approximately 15 metres below surface to a depth of 400 metres, the DAC
deposit was estimated to include 3 ,858,800 tonnes at an average grade of 1.71 gpt Au Indicated
(212,310 contained ounces gold) and 2,521,400 tonnes at an average grade of 1.53 gpt Au Inferred
(124,390 contained ounces gold). The gold mineralization is open to depth and along strike.
*The Resource Estimates for the DAC Deposit were calculated consistent with guidelines set out in National Instrument 43 -101 and filed
on Sedar on March 7, 2011. Mineral Resources are not Mineral Reserves and by definition do not demonstrate economic viability.
ALTO VENTURES LTD.
Suite 615 - 800 W. Pender Street
Vancouver, B.C. V6C 2V6
Tel: 604.689.2599
Fax: 604.689.3609
www.altoventures.com
Figure 1 Location of sonic drill holes and gold targets
Alto’s President, Mike Koziol, P. Geo. is a qualified person under the provisions of National
Instrument 43-101 and approves the technical data and conclusions in this news release.
About Alto Ventures Ltd
Alto Ventures Ltd. is an exploration and development company with a portfolio of highly prospective
Canadian gold properties. The Company is active in the Abitibi greenstone belt in Quebec on the
Destiny gold property and is exploring in the Beardmore -Geraldton gold belt in Ontario. In Manitoba,
the Company is focused on the gold and base metals potential of the highly prospective but relatively
under-explored Oxford Lake property. For more details regarding the Company's projects, please visit
our website at www.altoventures.com.
ON BEHALF OF THE BOARD,
Richard J. Mazur, P. Geo.,
CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
For further information contact:
Mike Koziol,
President and Director
ALTO VENTURES LTD.
Unit 7 – 1351C Kelly Lake Rd
Sudbury, ON., P3E 5P5
Tel: 705-522-6372
Email: [email protected]
Rick Mazur,
CEO and Director
ALTO VENTURES LTD.
Suite 615-800 W. Pender Street
Vancouver, BC, V6C 2V6
Tel: 604-689-2599
Email: [email protected]